Posts Categorized: Market Insights

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Lincoln Park Home Prices Not Immune To Downturn

There was a heated debate on Cribchatter the other day about home price declines in Lincoln Park. Everyone’s favorite Lincoln Park bull, going by the fake name of Steve Heitman, claimed that not only has Lincoln Park real estate held it’s value but that people were still making lots of money on their homes there…. Read more

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Surprising Chicago Home Buying Activity In December

With the original home buyer tax credit scheduled to expire at the end of November I fully expected December to really be a slow month in Chicago. My assumption was that a significant amount of housing demand had been pulled forward, not leaving much for subsequent months. However, when I recently checked new real estate… Read more

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Home Sales Increase 76 Percent in West, South Suburbs

  According to information released yesterday the Mainstreet Organization of REALTORS® (MORe), sales of single-family detached homes went up 76 percent in November compared with the same period a year ago.  This is the sixth consecutive monthly increase.    MORe measured activity on homes in about 120 southern and western suburban communities through information from Midwest… Read more

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More Sellers Becoming Landlords

In Chicago renting is often a very good alternative to buying. In the short run it will often be cheaper – aside from all the softer benefits of buying a home. However, if renting is such a good deal then the flip side must also be true: renting is not such a good deal for… Read more

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Chicago Area Home Prices Up 5 Months In A Row

The Case Shiller Home Price Index came out today for the Chicago area and it shows that for the 5th month in a row home prices have risen. We are now up 8% from the trough in April. As you can see in the graph below we undershot the trendline and now appear to be… Read more